Mirador Capital Partners LP bought a new position in shares of Accenture PLC (NYSE:ACN) during the first quarter, according to its most recent filing with the SEC. The firm bought 3,345 shares of the information technology services provider’s stock, valued at approximately $401,000.
Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of Accenture PLC by 8.8% in the first quarter. Wellington Management Group LLP now owns 21,583,126 shares of the information technology services provider’s stock worth $2,587,385,000 after buying an additional 1,738,262 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Accenture PLC by 212.6% in the first quarter. Schroder Investment Management Group now owns 1,295,260 shares of the information technology services provider’s stock worth $156,105,000 after buying an additional 880,905 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Accenture PLC by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 13,907,609 shares of the information technology services provider’s stock worth $1,667,243,000 after buying an additional 625,381 shares in the last quarter. OppenheimerFunds Inc. raised its stake in shares of Accenture PLC by 1,572.6% in the first quarter. OppenheimerFunds Inc. now owns 530,553 shares of the information technology services provider’s stock worth $63,604,000 after buying an additional 498,833 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Accenture PLC by 23.5% in the first quarter. Swiss National Bank now owns 2,516,617 shares of the information technology services provider’s stock worth $301,692,000 after buying an additional 479,100 shares in the last quarter. Hedge funds and other institutional investors own 77.43% of the company’s stock.
Accenture PLC (NYSE ACN) opened at 128.40 on Friday. The company has a market cap of $79.35 billion, a P/E ratio of 22.74 and a beta of 1.11. Accenture PLC has a 52 week low of $108.83 and a 52 week high of $129.70. The company’s 50-day moving average is $125.86 and its 200-day moving average is $121.59.
Accenture PLC (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.52. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. The company had revenue of $8.87 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same period in the prior year, the business posted $1.41 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, analysts anticipate that Accenture PLC will post $5.90 EPS for the current fiscal year.
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A number of analysts have weighed in on ACN shares. Goldman Sachs Group, Inc. (The) lowered shares of Accenture PLC from a “neutral” rating to a “sell” rating and set a $110.00 target price on the stock. in a research report on Monday, April 3rd. Cowen and Company raised their target price on shares of Accenture PLC from $131.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, June 28th. Zacks Investment Research lowered shares of Accenture PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, May 30th. SunTrust Banks, Inc. lowered shares of Accenture PLC from a “buy” rating to a “hold” rating and raised their target price for the company from $122.15 to $130.00 in a research report on Wednesday, May 24th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $135.00 target price on shares of Accenture PLC in a research report on Monday, May 29th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $130.71.
In related news, insider Richard Lumb sold 2,200 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $121.06, for a total transaction of $266,332.00. Following the completion of the sale, the insider now directly owns 121,710 shares in the company, valued at approximately $14,734,212.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Julie Spellman Sweet sold 1,974 shares of the company’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $128.68, for a total transaction of $254,014.32. Following the sale, the insider now owns 14,082 shares of the company’s stock, valued at $1,812,071.76. The disclosure for this sale can be found here. Insiders have sold a total of 74,817 shares of company stock valued at $9,252,889 over the last quarter. 0.21% of the stock is currently owned by company insiders.
About Accenture PLC
Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.
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